The largest recreational usage of cannabis is now the state of California. According to Gallup polls, public support for legalizing cannabis has reached 60%, its highest level in Gallup’s 47-year trend. The market for both recreational and medicinal cannabis is projected to grow to $22 billion by 2020 according to ArcView Market Research.
GrowGeneration Corp. (OTCQB: GRWG) is focusing on specialty retail hydroponic and organic gardening stores. Currently the company operates 12 locations, which includes 10 locations in Colorado, 1 location in California and 1 location in Nevada. GrowGeneration branded stores in all of the major legalized cannabis states, and it sells wide variety of products, including organic nutrients and soils, advanced lighting technology, hydroponic and aquaponic equipment to be used indoors and outdoors.
Earlier this month, GrowGeneration Corp. reported record financial results for its third quarter and nine months ended September 30, 2016. The revenues